The Joint Committee of the European Supervisory Authorities has published final draft regulatory technical standards (RTS) on risk concentration and intra-group transactions under Article 21a(1a) of the Financial Conglomerates Directive (FICOD).
The final draft RTS aim to:
- ensure a consistent application of Articles 2, 7, 8 and Annex II of the FICOD;
- provide for coordination of factors which coordinators and other relevant competent authorities should take into account when identifying types of significant risk concentration;
- define appropriate thresholds and set periods for reporting of risk concentration and intra-group transactions; and
- provide that coordinators and other relevant competent authorities should require regulated entities or mixed financial holding companies to report certain minimum information.
View Draft regulatory technical standards on risk concentration and intra-group transactions under Article 21a (1a) of Directive 2002/87/EC, 23 December 2014
